Golden Grain Macaroni Company

Text (OCR of the scan at left; may contain errors)

In rue Marrer or GOLDEN GRAIN MACARONI COMPANY, ET AL.

ORDER, OPINIONS, ETC., IN REGARD TO THE ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT Docket 8737. Complaint, May 28, 1967—Decision, Jan. 18, 1971 Order requiring a San Leandro, California, Manufacturer of macaroni and related paste products to divest within one year all assets of three previously acquired competitors in the Pacific Northwest and not to acquire for the next 10 years without prior approval of the Federal Trade Commission all or part of any firm manufacturing macaroni products in the Pacific Northwest.

CoMrLaINnT The Federal Trade Commission having reason to believe that Golden Grain Macaroni Company, a corporation, and Paskey De- Domenico, individually and as an officer of said corporation. herein- GOLDEN GRAIN MACARONI CO., ET AL. 63 60 ; Complaint mation of the transaction, as required by Section 226.8(a) of Regulation Z. ;

2. Failing to identify the creditor in any credit transaction, as required by Section 226.8(a) of Regulation Z. 3. Failing to disclose the annual percentage rate with an accuracy at least to the nearest quarter of one percent, in accordance with Section 226.5 of Regulation Z, as required by Section 226.8(b) (2) of Regulation Z. oe It is further ordered, That respondent deliver a copy of this order to cease and desist to all present and future personnel of respondents engaged in the consummation of any extension of consumer credit: or in any aspect of preparation, creation, or placing of advertising, and that respondent secure a signed statement acknowledging receipt of said order from each such person. [tis further ordered, That respondents notify the Commission at least thirty (80) days prior to any proposed change in the corporate respondent, such as dissolution, assignment or sale resulting in the emergence of a successor corporation, the creation or dissolution of subsidiaries or any other change in the corporation which may affect compliance obligations arising out of the order. ft is further ordered, That each respondent shall, within sixty (60) days after service upon them of this order, file with the Commission a report in writing, setting forth in detail the manner and form in which they have complied with the order to cease and desist contained herein.